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    16479 Dallas Pkwy Addison, TX 75001

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    For Lease
    Contact for pricing

    Upscale Addison Office Space, Tollway Views

    Lot size:
    175,012 SF

    Property Features for 16479 Dallas Pkwy

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    175,012 SF
    Total Rate
    247933.67

    Building Details

    Year Built/Renovated
    1982/2021
    Buildings
    1
    Stories
    8

    Spaces For Lease

    at 16479 Dallas Pkwy, Addison, TX 75001 Contact us
    Unit Suite 125

    $17 /Mo

    Size
    1,418 SF
    Contact us
    Unit Suite 210

    $17 /Mo

    Size
    2,013 SF
    Contact us
    Unit Suite 355

    $17 /Mo

    Size
    1,634 SF
    Contact us
    Unit Suite 140

    $17 /Mo

    Size
    3,768 SF
    Contact us
    Unit Suite 875

    $18 /Mo

    Size
    2,016 SF
    Contact us
    Unit Suite 135

    $17 /Mo

    Size
    3,459 SF
    Contact us
    Unit Suite 420

    $17 /Mo

    Size
    7,095 SF
    Contact us
    Unit Suite 600

    $17 /Mo

    Size
    21,986 SF
    Contact us
    Unit Suite 358

    $17 /Mo

    Size
    1,442 SF
    Contact us
    Unit Suite 475

    $17 /Mo

    Size
    2,541 SF
    Contact us
    Unit Suite 700

    $17 /Mo

    Size
    5,789 SF
    Contact us
    Unit Suite 390

    $17 /Mo

    Size
    3,096 SF
    Contact us
    Unit Suite 380

    $17 /Mo

    Size
    2,352 SF
    Contact us
    Unit Suite 450

    $17 /Mo

    Size
    4,135 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Michelle Hudson
    Michelle Hudson

    Listing Agency: Hudson Peters Commercial Listing Agent: Michelle Hudson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bent Tree Tower II offers 175,012 square feet of premium office space in Addison, Texas. This eight-story building, constructed in 1982 and extensively renovated in 2021, boasts a prime location with excellent visibility from the Dallas North Tollway. The property features a remodeled entrance, lobby, and common areas, complemented by a new monument sign. Modernized building systems ensure efficient operation. Suites are available from 1,418 square feet minimum, with a maximum contiguous space of 21,986 square feet, allowing for flexibility to accommodate various business needs. Multiple tenancy options are available. Amenities include a 30-person conference center, a fully equipped fitness center with locker rooms, showers, and towel service, and ample parking with a 3.5/1,000 ratio, 44% of which is covered parking. The building's convenient location provides easy access to Downtown Dallas, both regional airports (within 30 minutes), Addison's private airport, and Addison's renowned restaurant district. Security features are in place for peace of mind. This move-in ready space includes full-floor availability and spec suites. The building's impressive features and strategic location make it an ideal choice for businesses seeking a prestigious and functional office environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dallas Center for Advanced ... Medical Clinic Convergenz Employment Agency Lawyers Title - DFW ... Title Company Allen Karen OD Physician Preston Hollow Psychiatry ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8261396
    Latitude
    32.9760986

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      Retail Space Near Tom Thumb

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    FAQs

    What type of property is this?
    Office units - Upscale Addison Office Space, Tollway Views
    Where is this office units located?
    The property is located at 16479 Dallas Pkwy Addison, TX.
    What is the lease rate?
    The lease rate is $17-$18 SF/Yr.
    What are key features of this property?
    This property features: 175,012 square feet of Class A office space in Addison, TX.; 8-story building with 166,023 rentable square feet.; Move-in ready spec suites available.
    (214) 389-3663 Call to check price and availability
    Request Owner's contact information
    16479 Dallas Pkwy Addison, TX 75001
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    Addison, TX 75001
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16479 Dallas Pkwy Addison, TX 75001
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michelle Hudson
    Michelle Hudson
    Real Estate License ID: 629153
    (214) 389-3663 (214) 534-0226 (972) 980-1188
    Learn more
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